Rocket Lab USA Inc (NASDAQ: RKLB)’s stock price has plunge by -3.52relation to previous closing price of 4.55. Nevertheless, the company has seen a -1.13% plunge in its stock price over the last five trading sessions. fool.com reported 2024-06-14 that Rocket Lab’s Electron vehicle ranks as the second-most-used orbital rocket in the U.S. Late last year, the company was awarded a $515 million contract from the U.S. Space Force. It’s investing heavily on R&D, and may not be cash-flow-positive for at least a couple of years.
Is It Worth Investing in Rocket Lab USA Inc (NASDAQ: RKLB) Right Now?
The stock has a 36-month beta value of 1.24. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for RKLB is 301.06M, and at present, short sellers hold a 18.67% of that float. On June 17, 2024, the average trading volume of RKLB was 7.42M shares.
RKLB’s Market Performance
RKLB stock saw an increase of -1.13% in the past week, with a monthly gain of 1.15% and a quarterly increase of 6.55%. The volatility ratio for the week is 5.33%, and the volatility levels for the last 30 days are 4.37% for Rocket Lab USA Inc (RKLB). The simple moving average for the last 20 days is 0.26% for RKLB stock, with a simple moving average of -2.83% for the last 200 days.
Analysts’ Opinion of RKLB
Many brokerage firms have already submitted their reports for RKLB stocks, with Goldman repeating the rating for RKLB by listing it as a “Neutral.” The predicted price for RKLB in the upcoming period, according to Goldman is $4.50 based on the research report published on June 11, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see RKLB reach a price target of $6. The rating they have provided for RKLB stocks is “Buy” according to the report published on February 12th, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to RKLB, setting the target price at $8 in the report published on January 17th of the current year.
RKLB Trading at 7.98% from the 50-Day Moving Average
After a stumble in the market that brought RKLB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.47% of loss for the given period.
Volatility was left at 4.37%, however, over the last 30 days, the volatility rate increased by 5.33%, as shares surge +3.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.56% upper at present.
During the last 5 trading sessions, RKLB fell by -1.13%, which changed the moving average for the period of 200-days by -28.85% in comparison to the 20-day moving average, which settled at $4.39. In addition, Rocket Lab USA Inc saw -20.61% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RKLB starting from Spice Adam C., who sale 63,529 shares at the price of $4.22 back on May 24 ’24. After this action, Spice Adam C. now owns 1,383,677 shares of Rocket Lab USA Inc, valued at $267,902 using the latest closing price.
Kampani Arjun, the General Counsel of Rocket Lab USA Inc, sale 29,026 shares at $4.22 during a trade that took place back on May 24 ’24, which means that Kampani Arjun is holding 666,121 shares at $122,403 based on the most recent closing price.
Stock Fundamentals for RKLB
Current profitability levels for the company are sitting at:
- -0.62 for the present operating margin
- 0.23 for the gross margin
The net margin for Rocket Lab USA Inc stands at -0.64. The total capital return value is set at -0.18. Equity return is now at value -32.39, with -16.68 for asset returns.
Based on Rocket Lab USA Inc (RKLB), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -0.19. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is -58.83.
Currently, EBITDA for the company is -146.83 million with net debt to EBITDA at -0.78. When we switch over and look at the enterprise to sales, we see a ratio of 8.05. The receivables turnover for the company is 4.75for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.12.
Conclusion
To sum up, Rocket Lab USA Inc (RKLB) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
